Global Biofuels Market

Biofuels Market Size, Share, Growth Analysis, By Fuel Type (Bioethanol, Biodiesel), By Feedstock (Sugar-Based, Starch-Based), By Form (Solid, Liquid), By Generation (First Generation, Second Generation), By Application, By End User, By Distribution Channel, By Region - Industry Forecast 2026-2033

Report ID: SQMIG10F2028 | Region: Global | Published Date: June, 2025
Pages: 198 |Tables: 209 |Figures: 78

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  • Samsung Electronics
  • Halvo holdings
  • NTT corporation
  • AGC Inc
  • Siemens AG
  • Unilever
  • Merck Pharmaceuticals
  • Atlas Copco
  • Hologic - Medical Technology company
  • Novartis
  • Henkel
  • Reckitt
  • Schineder Electric
  • KSIA - Korea Semiconductor Industry Association
  • Hitachi Astemo Limited
  • Samsung Electronics
  • Halvo holdings
  • NTT corporation
  • AGC Inc
  • Siemens AG
  • Unilever
  • Merck Pharmaceuticals
  • Atlas Copco
  • Hologic - Medical Technology company
  • Novartis
  • Henkel
  • Reckitt

    • FAQs

    North America, led by the U.S., accounted for over 33% of global biofuel revenue in 2023. The market reached USD 52.3 billion in 2024, driven by federal policies like the EPA Renewable Fuel Standard and SAF tax incentives under the Inflation Reduction Act.

    Global Biofuels Market size was valued at USD 117.69 Billion in 2024 and is poised to grow from USD 125.58 Billion in 2025 to USD 210.97 Billion by 2033, growing at a CAGR of 6.7% during the forecast period (2026–2033).

    Biofuel suppliers can take advantage of the imposition of stringent vehicle emission mandates being implemented across the world to boost sales. Biofuel companies are also continually investing in research and development to enhance the performance and costs of biofuels to boost their large-scale adoption. Market players can also leverage strategies such as collaborations, mergers, acquisitions, and partnerships to fast-track the development of novel biofuel and boost the overall biofuels industry growth. Biofuel manufacturers are also focusing on expanding their biofuel production capacity to meet the surging demand across the world. 'Archer Daniels Midland Company (USA)', 'Cargill Inc. (USA)', 'Royal Dutch Shell plc (Netherlands)', 'Neste Corporation (Finland)', 'Bunge Limited (Switzerland)', 'Wilmar International Ltd. (Singapore)', 'Louis Dreyfus Company BV (Netherlands)', 'POET LLC (USA)', 'Green Plains Inc. (USA)', 'The Andersons Inc. (USA)', 'Raizen Energia SA (Brazil)', 'Delta Air Lines, Inc. (USA)', 'Marathon Petroleum Corporation (USA)', 'Total Energies SE (France)', 'Exxon Mobil Corporation (USA)', 'BP plc (UK)', 'CROPENERGIES AG (Germany)', 'ALGENOL (United States)'

    Many governments have used policies, mandates and subsidies to encourage the production and use of biofuels. Blending mandates require a certain percentage of biofuel to be blended with conventional gasoline to increase demand. Tax incentives, grants, and research funding also support the development of biofuel technology, making it more competitive with conventional fuels.

    U.S. Sustainable Aviation Fuel (SAF) production capacity surged ~25,000 b/d in late 2024, reaching ~30,000 b/d, and production of other biofuels climbed 30% by February 2025—the EPA forecasts doubling of output in 2025 and 20% growth in 2026 via SAF expansion.

    North America, dominated overwhelmingly by the U.S., generates more than 33% of revenue from biofuels worldwide in 2023 and represents the biggest share by region. The market in 2024 grew to USD 52.3 billion until 2034, supported by robust federal mandates EPA Renewable Fuel Standard and tax credits SAF incentives under the Inflation Reduction Act.

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